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2024 predictions for finance: From virtual payments to business travel (part 1)

Future CFO

SAP Concur has revealed key 2024 predictions for finance by its executives. For the upcoming year, AI is the connecting thread among SAP Concur executives’ predictions, the firm said, adding that AI is changing how all business is conducted, and travel, expense, and invoice (TEI) management is no exception.

SAP 52
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Cost and compliance. Two things you can still control

Future CFO

There’s always been a strain on budgets, but never like this. Did you have the technology and tools to stop the mistakes, double-entries, mis-categorisations, and even a little fraud every now and then? But no, control and compliance aren’t out of reach. But no, control and compliance aren’t out of reach. Think about it.

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How Generative AI is Impacting the Digital Solutions Economy

Bramasol

Natural Language Processing (NLP) : NLP technologies analyze customer feedback, reviews, and social media comments to gain insights into customer sentiments and preferences, enabling companies to make data-driven improvements, gauge customer satisfaction, and identify areas for improvement.

SAP 88
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Integrated Financial Planning and Analysis (FP&A) is Key to Success in The Digital Solutions Economy

Bramasol

Gartner defines FP&A as " a set of four activities that support an organization's financial health: 1) planning and budgeting, 2) integrated financial planning, 3) management and performance reporting, and 4) forecasting and modeling.". Basically it involves a shift in thinking from a historical to a forward-looking perspective.

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Five Key Trends to Watch in 2023

Bramasol

“Enterprise IT spending is recession-proof as CEOs and CFOs, rather than cutting IT budgets, are increasing spending on digital business initiatives,” said John-David Lovelock, Distinguished VP Analyst at Gartner. This is exemplified by SAP's leadership in the movement toward cloud deployments. in software spending in 2023 vs only 3.4%

SAP 72
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How to Find the Best FP&A Candidates for Your Team

Spreadym

Financial Planning and Analysis (FP&A) candidates are professionals who specialize in financial planning, budgeting, forecasting, and analysis within an organization. Variance Analysis: Understanding and explaining variances between budgeted and actual financial performance is a key component of the role.

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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

To create more business impact, finance functions may need to reimagine their strategy, leadership, operating model, talent and/or technology ,” said the analyst. Quite often, however, complex and painful processes remain a major roadblock to compliance and active participation, especially around expense reporting.

Finance 91